Balanced Plus

South African - Multi Asset - High Equity

Maximising long-term returns for retirement savers

GENERAL INVESTOR REPORT

FUND DESCRIPTION:

Best investment views across all asset classes for retirement savers.

INVESTOR PROFILE:

The fund is suitable for investors: Building up long-term retirement capital. Requiring a moderate capital growth portfolio. Looking to preserve the purchasing power of their capital over the long-term, but not prepared to accept the short-term turbulence of the equity market. With a time horizon of five years or longer.

BENCHMARK:

Composite (52.5% equity, 22.5% bonds, 20% international, 5% cash)

FUND MANAGER:

Karl Leinberger, Sarah-Jane Alexander and Adrian Zetler

LAUNCH DATE: 15 April 1996
FUND SIZE: R 80.85 billion
NAV (07 August 2020): 10709.60
NUMBER OF A - UNITS: 199016601.42
TIME HORIZON: 5 years +
REGULATION 28: Yes
RISK RATING:

No. 1 balanced fund in South Africa since launch in 1996, outperforming its average competitor by 1.8% p.a. Outperformed inflation by on average 7.5% p.a. since launch and outperformed the ALSI on average by 1.1% p.a (since launch).

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PERFORMANCE FOR VARIOUS PERIODS AFTER FEES
FUND BENCHMARK PEER GROUP AVERAGE
Since Launch (unannualised) 2,095.1% 1,710.4% 1,419.2%
Since Launch (annualised) 13.6% 12.7% 11.9%
Latest 20 years (annualised) 13.3% 13.3% 12.5%
Latest 15 years (annualised) 11.6% 12.2% 9.9%
Latest 10 years (annualised) 9.9% 11.4% 8.5%
Latest 5 years (annualised) 3.7% 6.7% 3.7%
Latest 3 years (annualised) 3.6% 7.8% 3.6%
Latest 1 year 1.7% 3.6% 0.6%
Year to date (2.8)% 1.8% (1.9)%
MONTHLY PERFORMANCE RETURNS AFTER FEES
2020 2019 2018
JAN 0.7% 2.2% 0.0%
FEB (5.6)% 4.0% (1.8)%
MAR (11.0)% 2.0% (1.7)%
APR 10.1% 2.4% 4.0%
MAY 1.5% (4.4)% (2.4)%
JUN 2.9% 1.4% 2.2%
JUL - (0.2)% (0.2)%
AUG - (0.7)% 2.6%
SEP - 1.6% (3.0)%
OCT - 2.4% (2.9)%
NOV - (0.1)% (3.6)%
DEC - 1.5% 0.5%
YTD (2.8)% 12.8% (6.3)%
INCOME DISTRIBUTIONS
DECLARATION DATE PAYMENT DATE AMOUNT DIVIDEND INTEREST
31 Mar 2020 01 Apr 2020 155.16 56.46 98.70
30 Sep 2019 01 Oct 2019 160.11 56.66 103.45
29 Mar 2019 01 Apr 2019 148.46 53.71 94.75
28 Sep 2018 01 Oct 2018 165.21 70.11 95.10
RISK STATISTICS SINCE LAUNCH
FUND BENCHMARK
Annualised Deviation 13.3% 12.3%
Maximum Drawdown (34.3)% (31.9)%
Maximum Gain 57.9% 29.3%
Positive Months 66.9% 64.8%
Sharpe Ratio 0.3% 0.3%
BEST AND WORST PERFORMANCE PERIODS
Best Performing 12 months 49.3% Aug 2004 - Jul 2005
Worst Performing 12 months (17.4)% Sep 1997 - Aug 1998
TOP 10 HOLDINGS
AS AT 30 June 2020 % OF FUND
Naspers Ltd 6.1%
Egerton Capital Equity Fund 4.3%
Maverick Capital 3.3%
Anglo American Plc 3.0%
British American Tobacco Plc 2.4%
Tremblant Capital 2.3%
Lansdowne Capital 2.3%
Contrarius Global Equity Fund 2.1%
Quilter plc 2.0%
Fortress Income Fund Ltd A 1.8%
FEES (EXCL.VAT)
INITIAL FEE Coronation: 0.00%
ANNUAL MANAGEMENT FEE

1.25%

The fund charges a fixed annual management fee, to ensure a simple and understandable fee structure. The annual management fee is accrued daily and paid monthly.

TOTAL EXPENSE RATIO (TER) 1.62% per annum, which includes a performance fee of 0%
TRANSACTION COSTS 0.14
ADVICE COSTS (EXCLUDING VAT)

Coronation does not provide financial advice and therefore does not charge advice fees. However, investments are often placed on your behalf by a financial adviser, in which case fees are negotiated directly between you and your adviser, within the following ranges:  Initial 0.00% - 3.00%, Ongoing 0.00% - 1.00% when the initial fee is less than 1.50% and 0.00% - 0.50% when the initial fee is more than 1.50%. Sharing of annual management fees: A portion of Coronation’s annual management fee may be paid to administration platforms as a subsidy for administrative and advice costs incurred when investing through these channels. Where commission and incentives are paid, these are included in the overall costs.